Travelzest gains another seven-day reprieve

Travelzest gains another seven-day reprieve

A further seven-day reprieve has been granted to Travelzest by its main lender.

The latest extension of the online travel group’s working capital facility by its primary lending bank runs until October 28.

Travelzest said: “This is notwithstanding the fact that the company is in regular contact with its primary lender and must continue to comply with its obligations under the existing and new working capital facility arrangements and that the loans and facilities are still capable of being demanded at any time.

“Consequently, the company continues to be solely reliant on the support of its primary lender in order to continue to trade.”

The firm, which runs the itravel2000 and The Cruise Professionals brands in Canada, said a further announcement will be made in due course.

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